Vedanta Limited has received approval from the National Company Law Tribunal (NCLT) Kolkata to acquire Incab Industries Limited under the Corporate Insolvency Resolution Process. The acquisition will allow Vedanta to expand into the downstream copper and aluminum industry. The upfront cash payment of INR 545 Crore is planned from Vedanta’s internal accruals and the company plans to complete the acquisition within 90 days.
NCLT Approval for Acquisition
Vedanta Limited has received the green light from the National Company Law Tribunal (NCLT) Kolkata for its resolution plan to acquire Incab Industries Limited. The NCLT order, uploaded on December 3, 2025, grants Vedanta the opportunity to integrate Incab into its operations. This strategic move aligns with Vedanta’s broader objectives of expanding and diversifying its industrial footprint.
Strategic Rationale
Incab Industries is primarily involved in the manufacturing of power cables and industrial wires, utilizing copper and aluminum as key raw materials. By acquiring Incab, Vedanta aims to expand into the downstream copper and aluminum industry, creating synergies and enhancing its value chain. The acquisition supports the Group’s growth in downstream Copper and Aluminum and expansion in infrastructure and transmission. The company will acquire 100% of the paid-up capital and management control of Incab Industries Limited.
Financial Considerations and Timeline
Vedanta plans to complete the acquisition within 90 days as per the order of Resolution Plan approval. The consideration payable is INR 545 Crores, all upfront cash payment and to be planned from internal resources. The acquisition process is expected to enhance Vedanta’s operational capabilities.
Incab Industries Overview
Incab Industries has manufacturing plants in Jamshedpur and Pune. These plants have a production capacity which includes: 12,000 TPA of Rod Mill Copper, 3,960 TPA of Aluminum Rods and 5,580 TPA of Wire Mill.
Source: BSE
